European ship scrapping tsar switches to new role
European ship scrapping tsar switches to new role Read More »
May 2018
Turkish shipowner tied to Samkang aframax orders
Deal for tanker quartet is being linked to interests associated with Geden Lines and is subject to financing and refund guarantees
Turkish shipowner tied to Samkang aframax orders Read More »
Latsco enters S&P market for Chandris aframax pair
Near $50m double deal would mark a rare secondhand transaction for Greek shipowner
Latsco enters S&P market for Chandris aframax pair Read More »
Scrapping Risks
Traditionally, when a ship reached the end of its economic life, the owner sold it, often to a cash buyer, for scrapping with little consideration of the next step. Many ships ended up on a beach in south Asia (India, Pakistan, or Bangladesh)…
Former MSC Contractor Sentenced in Bribery Scandal
A former contractor at the Military Sealift Command (MSC) has been sentenced to 87 months for his role in a bribery and fraud conspiracy through which he received nearly $3 million in bribes from approximately 1999 to approximately 2014.Scott B. Misere…
Former MSC Contractor Sentenced in Bribery Scandal Read More »